Turb Fan Aero Engine Market Brief
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Global Commercial Aero Turbofan Engine Market,
Supply Chain and Opportunities: 2011 - 2017
Lucintel Brief
Published: July 2012
0 ., 0, , 0, .
+0, .
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Table of Contents
• Executive Summary
• Market Analysis of Commercial Turbofan Engine Industry
• Supply Chain Analysis of Commercial Turbofan Engine Industry
• Technology Trend and Future of Commercial Turbofan Engine
Creating the Equation for Growth
• Growth Opportunities and Emerging Trends
• About Lucintel
2
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Executive Summary
• Commercial aero turbofan engine on new airframe deliveries totaled 1,862 units in 2011. Turbofan
engine deliveries realized 1% CAGR during the 2006-2011 time frame. Engine market was US $16.7
billion in 2006 and reached $21.2 billion with CAGR of 5% during 2006-2011.
• CFM International is the leading turbofan engine manufacturer in the narrow body aircraft market,
capturing 62% market share of the active fleet. GE dominates in wide body aircraft with 48% share.
• Major drivers of this industry include growth in air traffic, environmental regulation, the need for
economization to enhance airline profitability/competitiveness, and the replacement of aging fleet.
• Commercial aero turbofan engine on new airframe deliveries in terms of units is expected to growth
with CAGR of 5% during the 2012-2017 time frame.
Creating the Equation for Growth3
• ome o t e emerg ng tren s n aero eng ne mar et nc u e: use o secon -generat on o ue s,
lower maintenance cost, and (3) design & development of fuel-efficient and light weight aero engines
• Titanium, nickel, and steels are the dominating materials in aero engine design – with an increasing
interest in composites.
• Aero engines to be qualified and released during the forecast period include the CFM LeapX and the
PW1000G Geared Turbofan. The manufacturers of these engine cite the following advantages: (1)
Enhanced fuel efficiency over current market offering, (2) Reduced emission of NOx and CO2 (3)
Lighter weight
• China Commercial aircraft COMAC C919 will be launch with CFM LeapX engine but in future China
has plan to manufacture engines for the airframe domestically.
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Table of Contents
• Executive Summary
• Market Analysis of Commercial Turbofan Engine Industry
• Supply Chain Analysis of Commercial Turbofan Engine Industry
• Technology Trend and Future of Commercial Turbofan Engine
Creating the Equation for Growth 4
• Growth Opportunities and Emerging Trends
• About Lucintel
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Global Commercial Aero Turbofan Engine Market Overview
• An aircraft engine is the primary component of the propulsion system for an
aircraft that generates mechanical and in-flight electrical power.
• This market is dominated three major manufacturers: GE Aviation (a
subsidiary of General Electric, based in Evendale, Ohio, US); Pratt & Whitney,(a subsidiary of United Tech-nologies Corporation, based in Hartford,
Connecticut, US); and Rolls-Royce (Derby, UK).
• The industry is also characterized by consortiums: International Aero Engine
Creating the Equation for Growth5
(Pratt & Whitney, Rolls-Royce, and MTU); CFM International (GE and Snecma);and Engine Alliance (GE and Pratt & Whitney).
• Revenue-sharing partnerships play an important role in how the industry
operates. Several suppliers are involved in this type of relationship with engine
OEMs, including Volvo Aero, IHI, KHI, MHI, and Avio SPA.
• The Trent 1000 and GEnx are the newest engines in the fleet, soon to be
followed by the CFM Leap-X and PW1000G Geared Turbofan.
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Commercial Turbofan Engine OEMs on Wide Body Aircraft(Engines with Thrust Range of 60-90 K Lbs.)
Aircraft Rolls-RoycePratt &
Whitney
General
Electric
CFM
(JV: Snecma
& GE)
International
Aero Engines
(JV: PW,
RR,MTU)
Engine
Alliance
(JV: GE &
PW)
A310
A330
A340
Creating the Equation for Growth6
A350
A380
B767
B777
B787
B747
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Aircraft Rolls-RoycePratt &
Whitney
General
Electric
CFM
(JV: Snecma
& GE)
International
Aero Engines
(JV: PW, RR,
MTU)
Engine
Alliance
(JV: GE &
PW)
A318
A319/320/321
A 320 Neo
Commercial Turbofan Engine OEMs on Narrow Body Aircraft(Engines with Thrust Range of 20-40 K Lbs.)
Creating the Equation for Growth7
B737
B757
B737 Neo
Comac C919
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Portfolio of Commercial Turbofan Engines for Wide & Narrow BodyAircraft
M a n u f a c t u r e r s
CF6 80C2 CF6 80E1
CF6 80 A
GE 90 115E1
GenX
CF6 50E2
GP 7270
CFM 56-5
CFM 56-3
CFM 56-7
Leap X
Creating the Equation for Growth8
120Thrust Range ( in 1,000 lbs)
0 40 80
GE Engines JV: GE & PWPW Engines
E n g i n
RR Engines
20 60 100
JV: PW, MTU & Japanese Aero engineCFM Engines
PW JT9D
PW JT9D
PW 4090
RR RB211
RR Trent
970B
RR Trent500/1000
RR Trent
XWB
RR 895
PW JT8D
V2500
RR BR715
RB211-524
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Geographical Footprint: Commercial Turbofan Engine Manufacturers
General Electric
Pratt & Whitney
Rolls-Royce
Rolls-Royce: Business expansionin South America, the Middle East,and Asia through securing ordersfor development of an enhancedTrent XWB engine (with 97,000 lbsof thrust, for the enhanced AirbusA350-1000).
Pratt & Whitney:• Aircraft engine manufacturing
activities are primarily located in theUS.
• It serve more than 500 customersthat operate large commercial
engines in 136 countries.
GEAE primary manufacturing sitesare located in the US.
Creating the Equation for Growth
• CFM International is a joint venture between GE Aviation, a division of US-based General Electric and Snecma, a division of Safran ofFrance, with manufacturing of engines in their respective facilities.
• IAE International Aero Engines AG is a joint venture between Pratt & Whitney of the United States and MTU Aero Engines of Germany, withmanufacturing of engines in their respective facilities.
• Engine Alliance, a 50/50 joint venture between General Electric and Pratt & Whitney, with manufacturing facilities mentioned above.
Note
o s- oyce: e
Company openednew plants inCrosspointe, Virginia,US, where discs forcivil jet engines aremade.
Pratt & Whitney engines aremanufactured in partnership withcompanies in countries includingGermany, Japan, China, andSouth Korea. P&W has apartnership with Singapore Airlinesin engine overhaul andcomponents repair facilities.
GE:• JV of GE Aviation and Aviation Industry Corporation of
China to develop the new generation of commercialintegrated avionics systems with an immediate priority onsupporting development of China’s first narrow-bodypassenger jet (COMAC 919).
• Increase its presence in China, with nearly 2,000 GE andCFM56 engines now in service. An additional 1,000 GE
and CFM engines are on order.
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Global Commercial Turbofan Engine Market Trend and Forecast:2006-2017
Key Insights
2,455
1,8621,744
0
500
1,0001,500
2,000
2,500
+5%+1%
Global Commercial Turbofan Engine Trend and Forecast
in Units: 2006-2017
• Global commercial aero engine shipments
totaled 1,744 units in 2006 and grew at a CAGR
of 1%, reaching 1,862 in 2011
– CFM International and IAE are the
major players driving the market.
• The industry realized revenues of $16.7 billion
in 2006, growing to $21.2 billion by 2011, at a
E n g i n e D e l i v e r i e s ( U n i t s )
20112006 2017
Creating the Equation for Growth10
29.9
21.2
16.7
0
5
10
15
20
25
30+6%
20112006 2017
+5%
Global Commercial Turbofan Engine Trend and Forecast
in US $ Billion: 2006-2017
R e v e n u e (
U S $ B i l l i o n )
CAGR of 5%
– Engines for narrow body aircraft made up
81% of the market on a volume basis, and
led industry growth with a CAGR of 20%.
• Commercial aero engine market is expected to
reach $29.9 billion by 2017 with a CAGR of 6%
from 2012-2017
– CFM and PW are expected to be the
dominant engine manufacturers for next-
generation narrow body aircraft.
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Global Commercial Turbofan Engine Market by Manufacturer:2006-2017
Key Insights
• Highly consolidated industry, with top 3 major
players controlling 85% of the total market
• The market is dominated by CFM, accountingfor 62% of the market in 2011, followed by IAE.
• CFM International, a 50-50 joint venture
between Snecma and GE, manufactures the
%
%
%
%
%
Global Commercial Turbofan Engine Market Share 2011
1,862 Units Delivered
Creating the Equation for Growth11
CFM56, one of the most fuel-efficient aero-engines in the market.
− New CFM engines reduce NOX emission by
25%, and are powering several aircraft,
including A319, A320, A321. and B737.
− With its new Geared Turbo Fan engine, PW
share is expected to grow at the expense of
IAE and, to a smaller extent, CFM.
%
%
%
%
Global Commercial Turbofan Engine Market Share 20172,455 Units Delivered
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Range 76%-100% 51%-75% 26%-50% 6%-25% 0%-5%
Aircraft Type PW GE RR CFM IAE EA
Narrow Body
Wide Body
CFM dominates narrow body turbofan engine fleet with 62% market shareGE dominates wide body turbofan engine fleet with 48% market share in 2011
World Aircraft Active Fleet Market Share by Engine Manufacturer 2011
Creating the Equation for Growth12
%
%
%
%
%
%
%
%
%
Narrow Body Active FleetTotal Fleet in 2011:11,576
Wide Body Active FleetTotal Fleet in 2011: 4,317
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Top 6 Airlines: Turbofan Engine Inventory by Age and Manufacturer
Delta Airlines Active EngineInventory by Manufacturer
American Airlines Active EngineInventory Manufacturer
Southwest Airlines Active EngineInventory Manufacturer
Creating the Equation for Growth13
Delta Airlines Active EngineMarket Share by Manufacturer
American Airlines Active EngineMarket Share by Manufacturer
Southwest Airlines Active EngineMarket Share by Manufacturer
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China Southwest Active EngineInventory by Manufacturer
Lufthansa Airlines Active EngineInventory by Manufacturer
United Airlines Active EngineInventory by Manufacturer
Top 6 Airlines: Turbofan Engine Inventory by Age and Manufacturer
Creating the Equation for Growth14
China Southwest Active EngineMarket Share by Manufacturer
Lufthansa Airlines Active EngineMarket Share by Manufacturer
United Airlines Active EngineMarket Share by Manufacturer
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Material Composition in Turbofan Engines by Total
Weight of Engine
%
&
&
%
% &
%
• Titanium, nickel and steels are the dominating
materials in aero engine design – with increasing
interest in composites.
• Industry-wide requirements for enhanced fuel
efficiency is driving the need for lightweight engines.
• Environmental regulators are requiring reductions in
both noise and carbon emissions.
Key Insight
Material Composition in Turbofan Engines
Creating the Equation for Growth15
• Fans made of woven carbon fibers rather thantitanium have been demonstrated to enhance fuel
efficiency by up to 15%
• Sophisticated airfoil design, advanced nickel-based
super alloys, and thermal barrier coatings have
allowed for hotter, more complete combustor burn,
thus reducing carbon emissions and affording
designers greater thrust options.Source: Rolls Royce
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China Aero Engine Industry
• Chinese players will bring major changes to aerospace industry dynamics in the
coming years by launching its new commercial aircraft and engine in international
market
• The country’s aerospace industry is developing under the Chinese government’s
five year plan with the following goals:
‒ Development of COMAC C919 narrow body aircraft
‒ Initially C919 will be launch with CFM LEAP X engine
‒ Longer term engine for C919 to be manufactured domestically
Creating the Equation for Growth16
‒ Five year plan clearly states the development of civil aircraft and engine,
engines in pipeline by China aero engine manufacturers are
o CJ-1000A
o CJ-1000AX
o CJ-1000B ER
• MTU Aero Engines of Germany and the Chinese engine manufacturer AVICCommercial Aircraft Engine Co. Ltd. (ACAE) have signed an agreement on key
terms for a possible cooperation on the future CJ1000 engine
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Upcoming China Aero Engines
• China Jet CJ-1000A is thedomestic engine designed andbuilt for C919 150-seatercommercial aircraft
• Initially C919 will be launch withCJ-1000A
CJ-1000AX
CJ-1000B ER
CJ1000A
Creating the Equation for Growth
CFM LeapX engine
• In the longer term, the C919 willbe powered by a domesticallyproduced engine
• Certified and into-production by2020
• Demonstrator engine to beproduced by 2016
• Take-off thrust: ~14000 kgf• SPF: ~0.52 kg/kgf.h• Bypass Ratio: >9• OPR: ~40• HPC Pressure Ratio: ~20
2016• Application: C919
Basic
• Specific Fuel
Consumption:
0.53 kg/(kgf.h)
2022• Take-off
Thrust:~12800kgf
• Specific Fuel
Consumption:~
0.53 kg/(kgf.h)
2026• Take-off
Thrust:13400kgf
• Specific Fuel
Consumption 0.52
kg/(kgf.h)
The CJ-1000 Engine Family
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Drivers and Challenges of Commercial Turbofan Engine Market
D r i v e r s
• Increasing Traffic Forecast• Traffic growth on the existing route network where it is more efficient to add capacity than
frequency• Some 1,300 very large aircraft to meet passenger demand are required in future years;
increasing population; urbanization and increasing world disposable income is leading todemand for new aircraft
• Demand for Light Aircraft and Low-Cost Carriers
• Soaring fuel prices has pushed the demand & need for lighter aircrafts among airliners toleverage their shrinking bottom-lines• Continued growth of LCCs, especially in Asia
• Retro-fitting of New Engines in Existing Aircraft• Retro-fitting of new engines in aircraft-Leap X in A320neo family of aircraft• Leap-1B in B737 Max
• Fuel-Efficient Engines
Creating the Equation for Growth18
C h al l en g e s
- 2 • Emerging regulatory requirement to reduce greenhouse gas emission
• Increase in Prices
• Increase in material pricing such as the price of titanium
• Cost of fuel also affects the engine market
• Tough Regulations and Certification Process
• Stringent certification process discourages market entry
• Market requirement for 20% improvement in operating economies to launch next-generation
narrow body• Meeting Technological Changes and other Challenges
• Technological changes taking place over time
• Capacity issues, difficulties in hiring skilled and less expensive labor
• Challenges in adding production facilities are major constraints for engine manufacturers
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Factors Shaping the Outlook for the Commercial Turbofan EngineMarket
Usage of Composites,Ceramics & Super Alloys
Increasing Use of Biofuels& Green Aero Engines
Increasing Air Traffic,Market Liberation &
Developing Infrastructure
Prognostics andDiagnostics & Escalating
PMA Parts
CFM56-3
Advanced Material usagesuch as increase in use ofcomposites, ceramics , and
More efficient “Green AeroEngines” are now a marketimperative. Factors that
All these are pushing globalaerospace engine markettoward growth•
Growing use offPrognostics &Diagnostics have becomea core element of en ine
Creating the Equation for Growth19
.These materials offerseveral key advantages inengine design:
• Lower maintenance cost• Lower weight• Ability to integrate
structures• Better hi-temperature
performance• Improve fuel efficiency• Satisfy safety standards
• Emerging regulatoryrequirement to reducegreenhouse gas emission
Biofuels are the primarymeans of reducing thecarbon footprints, keyadvantages of biofuels are:• Improves efficiency
• Reduces emission fromaviation
• Reduce dependence onfossil fuels
existing route networkwhere it is more efficientto add capacity thanfrequency
• Increasing population;urbanization & increasingworld disposable incomeis leading to demand for
new aircraft• Increase in new airlinenetworks due to turningglobal cities & new routesare leading to new aircraftprocurement
OEM value proposition
• New generation aircraftdesigns feature heavyuse of prognostics,diagnostics, and healthmonitoring systems
Escalating PMA partstrends beneficially affectingcommercial aerospace
suppliers• Rising PMA parts couldreshape the MRO market
• PMA parts currently 2% to3% of total partsconsumption by value
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Table of Contents
• Executive Summary
• Market Analysis of Commercial Turbofan Engine Industry
• Supply Chain Analysis of Commercial Turbofan Engine Industry
• Technology Trend and Future of Commercial Turbofan Engine
Creating the Equation for Growth 20
• Growth Opportunities and Emerging Trends
• About Lucintel
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CustomersEngine
Manufacturer
Aero engineComponent(Tier l & ll)Suppliers
Raw MaterialSuppliers
Supply Chain: Global Commercial Turbofan Engine Market
Creating the Equation for Growth21
• Precision Castparts• Alcoa Howmet• Blades Technology Intl.• Carmel Forge• Aerospace Industrial
Development Corp.• Xian Aero Engine• Turbocam International• Twigg Corporation• Barnes Aero
• SIFCO Industries• Avio S.p.A.• IHI• KHI• MHI• Volvo Aero• Others
• Hexcel• Alcoa• Hadco• RMI Titanium• VSMPO• ASM• Allegheny Technologies• Compos Flex, Inc.• Others
• Rolls Royce• Pratt & Whitney• General Electric• CFM International• IAE• Engine Alliance• Others
• Delta Airlines• American Airlines• China Southern Airlines• Air China• United Airlines• Boeing• Airbus• Others
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Global Commercial Turbofan Engine Manufacturing Decision Process
Role of Airline (End User)
Role of Airframe OEMs
Decision Process
• Parameters• Specifications
• Lifecycle Needs
• Testing• Gap Analysis
• Improve as needed
Process Driver
Influencer
Follower
• Type of materialselection
Commercial Aero engine
Product Design &Development
Material Selection Prototyping & Testing
Creating the Equation for Growth22
Role of Aero engine OEMs
Key Insights
• In life cycle of engines, the engine OEMs are responsible for the following activities:• Marketing & Design: Preliminary design studies & market studies, definition of engine with new technology concepts
• Development Stage: Program launch, engine design, manufacture of first development parts & assembly ofdevelopment engines• Production and Distribution: Parts sent to assembly shop, engine assembly , start of full engine & flight tests• Sales and Support: Marketing, sales, and contract negotiations (vendors and customer support)• Maintenance, Repair, and Overhaul (MRO): Troubleshooting, repair or restoration, re-assembly, test & reinstallation• Spare parts: Forecast customer needs, component delivery, customer-oriented service
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Table of Contents
• Executive Summary
• Market Analysis of Commercial Turbofan Engine Industry
• Supply Chain Analysis of Commercial Turbofan Engine Industry
• Technology Trend and Future of Commercial Turbofan Engine
Creating the Equation for Growth 23
• Growth Opportunities and Emerging Trends
• About Lucintel
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Technology Roadmap of Turbofan Engines
l C o n s u m p t i o n
•SPF- 0.65 lbs/hr•BPR- 2•OPR- 15.4•Thrust- 21700 lbf
JT8D-200
PW 2037
•SPF- 0.58 lbs/hr•BPR- 4•OPR- 29.4
CFM 56-7B
•SPF- 0.5 lbs/hr
RR Trent 900
GE GenX
CFM LeapX
11%
14%
8%
4%
4.5%
Creating the Equation for Growth24
S p e c i f i c
F u e
1960 1980 1990 2000 2010
• m ss on-
0.8g/kg•NOx Emission-22.8 g.kg
• -•CO2 Emission-
0.33g/kg•NOx Emission-29.41 g.kg
•BPR- 5.5
•OPR- 32.8•Thrust- 23400 lbf•CO2 Emission-0.54g/kg
•NOx Emission-20.81 g.kg
•SPF- 0.46 lbs/hr
•BPR- 10•OPR- 36.3•Thrust- 75000 lbf•CO2 Emission-0.54g/kg
•NOx Emission-20.7 g.kg
•SPF- 0.44 lbs/hr•BPR- 9.5•OPR- 40•Thrust- 67400 lbf•CO2 Emission-
0.17g/kg•NOx Emission-
18.9 g.kg
1970 2020
•SPF- 0.42 lbs/hr•BPR- 10.5•OPR- 40•Thrust- 18000-
35000 lbf•CO2 Emission-16% lower (CFM56)•NOx Emission-NOx emissions by
50 percentcompared tocurrent CAEP/6regulations
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• Trent 1000 is three-shaft high bypass
ratio (11-10.8:1)
turbofan engine
• Trent 1000 has OPR
• Successor to CF6• Major Applications:
Boeing 747-8
Boeing 787
Dreamliner
• Fan tip diameter of100 inches
• Take-off thrust:
64,000 - 68,000 lbs.
• Bypass ratio: 5:1
Front Runner Turbofan Engines
• Two-spool high-bypass turbofan
engine
• Single annular
combustor
GenX EngineCFM 56PW4000 GP7000 Trent 1000
• Double-annularcombustor. Insteadof having just onecombustion zone[Reduced nitrogenoxides (NOx) and
Creating the Equation for Growth
• Single stage LP,eight-stage IP, six-
stage HP
compressor
• Single-stage HP
turbine, single-stage
IP turbine, six-stage
LP turbine
blades with titaniumleading edges
• Fan bypass ratio of
19:2, which also
helps reduce noise
• Titanium aluminide
stage 6 and 7 low
pressure turbine
blade
ratio: 32• Fan pressure ratio:
1.75
• Four-stage low
pressure
compressor (LPC)
and a four-stage
low pressure
turbine (LPT)
25
-
pressure turbine,boltless architecture,
single crystal
blades, split blade
cooling and thermal
barrier coatings,
axial flow; six-stage
low-pressure axial
flow
• Overall pressure
ratio: 43.9
carbon dioxide
(CO2) ]• Nine-stage high
pressurecompressor
• Single-stage fan,and most variantshave a three-stage
booster on the low-pressure shaft, withfour stages in the5B and 5C variants
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Future Technology: CFM LeapX Engine Vs PW1000G Engine
CFM LEAP-X PW1000G
Creating the Equation for Growth
• ompressor: x a ow, -s age geare an, - s age ,
8 stage HP• Combustors: Annular combustion chamber
• Turbine: Axial, 2-stage HP, 3-stage LP
• Maximum thrust: 14,000–23,000 lbf (62–100 kN)
• By pass ratio: 12:1
• Applications: A320neo, Bombardier CSeries, Mitsubishi
Regional Jet, Irkut MS-21
• Talon X combustor is a third-generation combustor that
reduces NOx emission by 50% to CAEP/6 standards
• deterioration rates, has an additional 1.4% fuel burnadvantage
• Single-stage fan, 3-stage low pressure compressor, 10-stage high pressure compressor
• 3-D woven RTM technology for 18-blade composite fan• 15% better fuel efficiency• 50% Lower NOx emission• 75% reduce reduction of noise foot print• Maximum thrust: 18,000-35,000 lbf., ca. 25,000-30,000lbf.
for C919• Overall pressure ratio: 40:1• Bypass ratio: 10:1• Applications: A320neo, B737 Max, C919• Reduced weight, fuel burn and noise• Better maintenance cost
26
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Comparison: CFM LeapX and PW1000G
Parameters CFM LeapX PW1000G (GTF) Comparison
Fan section18 blade composite
fan18 blade bi-metallic
fan
• LeapX: Foreign-object damage(FOD) reduction technology, lowermaintenance cost
• GTF: Translating sleeve, lowermaintenance cost
Gearbox No gearbox Yes• LeapX: No Maintenance• GTF: Maintenance cost for
gearbox
Low pressurecom ressor
3 stage LPC 3 stage LPC• LeapX: Moderate maintenance
cost
Creating the Equation for Growth 27
High pressurecompressor
10 stages 8 stages• LeapX: More airfoils than GTF• GTF: one-third fewer airfoils than
the LEAP
Combustor TAPS combustorThird-generation Talon
combustor
• LeapX: New Technology• GTF: New Technology
Low pressure turbine
4 to 7 stages
(applicationdependant)
3 stages
• LeapX: 7 stages
• GTF: Two-thirds fewer airfoils forGTF than LEAP
High pressureturbine
2 stages 2 stages• LeapX: Minimize fuel burn• GTF: Low maintenance
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• Large investments have alreadybeen made in Europe and the USthrough R&D programs andcollaborations to reduce the
negative environmental effects ofaircraft use
• ICAO, under the CAEP process,has undertaken an effort to
Key Insight
Research & Development Activities in Aero Engine Industry
Vision 2020 (January 2001)• Responding to the Society needs
• Securing global leadership to Europe
ACAREOctober 2002: The Strategic Research Agenda (SRA 1): 5 Challenges
Quality &Affordability
Environment Safety
AirTransportSystem
Efficiency
Security
Creating the Equation for Growth
-
environmental goals relating tothree types of technologies – noise,NOx, and fuel burn:
- Medium Term Goal (2016):CAEP/6 levels – 45%, ±2.5%(of CAEP/6) at an overallpressure ratio of 30
- Long Term Goal (2026):CAEP/6 levels – 60%, ±5% (ofCAEP/6) at an overall pressureratio of 30
28
The Advisory Council of Aeronautical Research in Europe (ACARE)identified the research needs for the aeronautics industry for 2020. The
engine has to contribute to the overall ACARE targets with a 20%reduction in CO2 emissions per passenger-kilometer, 10 dB noise
reduction per certification point and a 80% reduction in NOx emissions.
Source: NEWAC
October 2004: The SRA 2: 6 High Level Target Concepts
Very LowCost ATS
Ultra GreenATS
HighlyCustomerOriented
ATS
HighlyTime-
efficientATS
UltraSecure ATS
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Table of Contents
• Executive Summary
• Market Analysis of Commercial Turbofan Engine Industry
• Supply Chain Analysis of Commercial Turbofan Engine Industry
• Technology Trend and Future of Commercial Turbofan Engine
Creating the Equation for Growth 29
• Growth Opportunities and Emerging Trends
• About Lucintel
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( 2 0 1 2 - 2 0 1 7 )
Growth Opportunity of Commercial Turbofan Engine Market
Key Insights
• In 2017, the global aero engine market is
expected to approach 2,500 units with a
CAGR of 5% for 2012-2017
• The global aero engine market is poised forrobust growth with the following
opportunities:
• New material development, which will
drive the aero engine market in
Growth Opportunities in Global Commercial AeroEngine Market (2012-2017)
Creating the Equation for Growth30
C A G
R
Aero Engine Market Size (Units)
* Bubble size indicates 2017 aero engine market size.
coming years
• New future technologies such as
woven resin transfer molding
technique, driving weight reduction
• Next-generation narrow body aircraft with
upgraded engines are expected to drive the
market in coming years• CFM engines are forecast to drive the aero
engine market with over 1,500 units in 2017
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Emerging Trends in Global Commercial Turbofan Engine Market
Fuel-efficient and light weightaero engines
• The CFM International LEAP-X is a high-bypass turbofan engine
• Use of composites on fan blades and other components could reduce the weight of
engine to 1,000 pounds
• Airbus is working on offering a new engine for the A320 known as the
New En ine O tion NEO
Less CO2 and NOx emittingengines
• The PurePower PW1000G series engines use an advanced gear system
allowing the engine’s fan to operate at a different speed than the low-pressurecompressor & turbine
• This engines will have 50% reduction in NOx & 50% reduction in engine noise
Creating the Equation for Growth31
EmergingTrends inAero
EngineMarketLower Maintenance cost
• The new engine will burn 16% less fuel and will have 20% lower
maintenance cost
• The GenX engines offers 30% reduction in the
maintenance cost
• Some of the GE engines predict elapsed time between
inherent failures of a system during operation
Retro-fitting of new engines
• Air transport’s contribution to climate change represents 2% of
man-made CO2 emissions and this could reach 3% by 2050,
according to the Intergovernmental Panel on Climate Change
(IPC). Thus, introduction of biofuel will drive the future aero
engine market
Use of second- generationbiofuels
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Table of Contents
• Executive Summary
• Market Analysis of Commercial Turbofan Engine Industry
• Supply Chain Analysis of Commercial Turbofan Engine Industry
• Technology Trend and Future of Commercial Turbofan Engine
Creating the Equation for Growth 32
• Growth Opportunities and Emerging Trends
• About Lucintel
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Lucintel is the leading global management consulting and market
research firm.
Lucintel creates the equation for growth and is committed toactionable results that deliver significant value and long-term growth
to its clients.
About Lucintel
Creating the Equation for Growth 33
Lucintel has been creating measurable value for more than 14 yearsand for thousands of clients in 70+ countries worldwide.
Visit http://www.lucintel.com/imovie /for a short 3.5-minute movie on
Lucintel solutions.
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Lucintel Products and Services: 100+ Market Reports to OptimizeYour Market Research Investment
Aerospace
Transportation
Marine
Market ReportsMarket Reports ConsultingConsulting
Growth and Strategic Consulting
Benchmarking
O ortunit Screenin
Creating the Equation for Growth 3434
Construction
Renewable Energy
Recreational
Composite Materials
Partner Search and Evaluation
Due Diligence and M&A
Market Entry Strategy
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Lucintel has an extensive toolkit to address key strategic questions forincreasing your company’s profitability and market presence
• Is market space/opportunity of current
product offerings sufficiently robust?
• Markets are focus for many: how can my
company profitably differentiate?
• Based on our core skills where should
Key QuestionsKey Questions
MarketEntry
Strategy
Build/Buy/ PartnerOpportunityScreening
Creating the Equation for Growth 35
we focus?
• Should we build or buy? Is build even an
option?
• What game changer actions exist and/or
is a more incremental approach best?
• What is the order sequence of market
entry segments/products?
uc n e
Consulting StrategicGrowth
Consulting
SalesForce
Optimizing
FeasibilityStudy
DueDiligence
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Clients Around the World Value Lucintel’s Services
Creating the Equation for Growth 36
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Joseph E. Fritz, MBAVP, Research and Operations,USAEmail: [email protected]
Steve ParkerVice President Sales, USAEmail: [email protected]
Reach Lucintel
For your business requirements and cutting-edge consulting solutions, contact
Lucintel at [email protected] or Tel. +1-972-636-5056 or call one of the
following Lucintel professionals:
Creating the Equation for Growth
Tel: +1 520 638 8866 Tel: +1 972 636 5056
Roy AlmaguerSales Manager, USA
Email:[email protected]. : +1 210 878 7693
37